earnings
confidence high
sentiment neutral
materiality 0.65
GeoVax Q3 net loss $3.97M; cash jumps to $34.7M; Phase 2 trials advance
GeoVax Labs, Inc.
- Net loss $3.97M ($0.17/sh) for Q3 2022 vs $1.95M ($0.31) in Q3 2021; 9-month net loss $8.64M.
- Cash $34.7M at Sep 30, 2022 vs $11.4M at Dec 31, 2021; raised $27.7M from stock/warrant sales and $7.6M from warrant exercises.
- Phase 2 COVID vaccine GEO-CM04S1 advancing; Lancet Microbe data show robust neutralizing antibodies and T cells; expanding sites.
- Gedeptin Phase 1/2 for head and neck cancer expands to Emory and Thomas Jefferson; FDA orphan grant funded.
- Secured rights to NIH-MVA for monkeypox/smallpox; began preclinical studies for pan-coronavirus and MUC1 immunotherapy.